American Superconductor (AMSC) will be restating its FQ2 and FQ3 2011 results, as the company...

American Superconductor (AMSC) will be restating its FQ2 and FQ3 2011 results, as the company cancels its recognition of revenues on unpaid shipments. As a result, the company expects FY2011 revenues to be approximately $307M, well below the consensus estimate of $360M. Its shares are currently halted. (PR)